Contacts

Stephen G. Horn

Ian Black Real Estate

Property Details

Property Type Retail
Property Size 55,016 SF
Units 10
Property Tenancy Multi-Tenant
Date Updated May 13, 2026

Center is located along SR 64 just east of I-75 in Lakewood Ranch FL at the entrance to Heritage Harbour, a 2,500 acre master planned community.Ian Black Real Estate is pleased to exclusively offer for sale a prominent commercial retail plaza in Lakewood Ranch Florida. The asset includes a 35,200 SF free standing Crunch Fitness. Crunch originally occupied 21,200 SF, but after overwhelming demand, added another 14,000 SF. Also included is a 19,816 SF retail center occupied by nine (9) Tenants. The average rent for the retail center is $28.30 PSF, well below the surrounding market. The Crunch building was completed in October of 2018, the retail center in November of 2019. The property sits at the entrance to Heritage Harbor, a 2,500 acre master planned community with 45 holes of championship golf. Its easily accessible from SR 64 (62,000 VPD) and I-75 (131,000 VPD). Adjacent to the property are the Landing and the Market place, totaling over 400,000 SF of retail including Target, Costco, Hobby Lobby, Academy Sports, Whole Foods and Aldi. This is an excellent opportunity to acquire a newer retail plaza, well positioned at below market rents.

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Highlights

All leases included scheduled rent increases, providing an excellent hedge against inflation and opportunities for increased cash flows.
All tenants operate under NNN leases paying for Cam, Taxes and Insurance while maintaining their premises.
Average Household Income is over $126,000
Built in 2018, this fully occupied retail center is impeccably maintained.
Buyer's Broker to be compensated by Buyer
Center is located along SR 64 just east of I-75 in Lakewood Ranch FL at the entrance to Heritage Harbour, a 2,500 acre master planned community
Crunch Fitness – Tenant has 94 locations and growing.
Crunch Fitness expanded by adding 14,000 SF of space in 2023 and extending their lease until 2039.
Just west off I-75 (131,000 VPD) SR 64 (62,000 VPD)
Lakewood Ranch is the #1 best selling multi-generational community in the Country
Long term leases in place.
More than 36,000 residents located in a 3 mile radius
Professional management is included in the CAM
Rents are significantly below current market rates
Strong Tenant Line up
Strong Tenant mix featuring Medical, Dental and Veterinary Services.
Tenants responsible for HVAC maintenance
The Asset is part of a larger development which includes Dairy Queen, Taco Bell, Tidal Wave Car Wash and Tire Kingdom.
The immediate surrounding area has exploded in recent years. Target, Costco, Aldi, Academy Sports Hobby Lobby are some of the anchors that have recently opened. Whole Foods will be in in 2026.
The Landlord is responsible only for roof, foundation and structural components